Energy Conversion Devices to Report Second Quarter Fiscal 2006 Financial Results on February 8

ROCHESTER HILLS, Mich., Jan. 27, 2006 -- Energy Conversion Devices, Inc. (ECD Ovonics) will release financial results for the quarter ended December 31, 2005, on Wednesday, February 8, 2006 after the close of the market.

In conjunction with the release, ECD Ovonics will host a live conference call and webcast at 4:45 p.m. (ET) the day of the release. To access the conference call, please call (877) 858-2512 or (706) 634-1291. A live webcast of the conference call will be available online at http://www.ovonic.com/investor or through the Company's website at http://www.ovonic.com/ . A replay of the call will be available approximately one hour after the conclusion of the call through February 10, 2006, at (800) 642-1687 or (706) 645-9291. Callers should use conference ID #4857751 to access the conference call and the replay.

About ECD Ovonics

ECD Ovonics is the leader in the synthesis of new materials and the development of advanced production technology and innovative products. It has invented, pioneered and developed its proprietary, enabling technologies in the fields of energy and information leading to new products and production processes based on amorphous, disordered and related materials. The Company's portfolio of alternative energy solutions includes Ovonic thin-film amorphous solar cells, modules, panels and systems for generating solar electric power; Ovonic NiMH batteries; Ovonic hydride storage materials capable of storing hydrogen in the solid state for use as a feedstock for fuel cells or internal combustion engines or as an enhancement or replacement for any type of hydrocarbon fuel; and Ovonic fuel cell technology. ECD Ovonics' proprietary advanced information technologies include Ovonic phase-change electrical memory, Ovonic phase-change optical memory and the Ovonic Threshold Switch. ECD Ovonics designs and builds manufacturing machinery that incorporates its proprietary production processes, maintains ongoing research and development programs to continually improve its products and develops new applications for its technologies. ECD Ovonics holds the basic patents in its fields. More information on ECD Ovonics is available on http://www.ovonic.com/ .